Section 111 of Finance Act 2018 [Section 111 of Finance Act 2018 deals with Road and Infrastructure Cess on imported goods and is covered in CHAPTER VII ROAD AND INFRASTRUCTURE CESS] Road and Infrastructure Cess on imported goods 111 . (1) There shall be levied and collected, in accordance with the provisions of this Chapter, for the purposes… Read More »
Section 110 of Finance Act 2018 [Section 110 of Finance Act 2018 deals with Social Welfare Surcharge on imported goods and is covered in CHAPTER VI SOCIAL WELFARE SURCHARGE] Social Welfare Surcharge on imported goods 110 . (1) There shall be levied and collected, in accordance with the provisions of this Chapter, for the purposes of the Union,… Read More »
Section 109 of Finance Act 2018 [Section 109 of Finance Act 2018 deals with Collection and payment of arrears of duties and is covered in CHAPTER V REPEAL AND SAVINGS OF CERTAIN ENACTMENTS] Collection and payment of arrears of duties 109. Notwithstanding the repeal of the enactments specified in the Fifth Schedule, the proceeds of duties levied under… Read More »
Section 108 of Finance Act 2018 [Section 108 of Finance Act 2018 deals with Repeal and savings of certain enactments and is covered in CHAPTER V REPEAL AND SAVINGS OF CERTAIN ENACTMENTS] Repeal and savings of certain enactments 108. (1) The enactments specified in the third column of the Fifth Schedule are hereby repealed to the extent specified… Read More »
Section 107 of Finance Act 2018 [Section 107 of Finance Act 2018 deals with Special provision for retrospective exemption from service tax on Government’s share of profit petroleum and is covered in CHAPTER IV INDIRECT TAXES] Special provision for retrospective exemption from service tax on Government’s share of profit petroleum 107 . (1) Notwithstanding anything contained in section… Read More »
Section 106 of Finance Act 2018 [Section 106 of Finance Act 2018 deals with Special provision for exemption from service tax in certain cases relating to services provided or agreed to be provided by Goods and Services Tax Network, retrospectively and is covered in CHAPTER IV INDIRECT TAXES] Special provision for exemption from service tax in certain… Read More »
Section 105 of Finance Act 2018 [Section 105 of Finance Act 2018 deals with Special provision for exemption from service tax in certain cases relating to life insurance services provided by Naval Group Insurance Fund to personnel of Coast Guard retrospectively and is covered in CHAPTER IV INDIRECT TAXES] Service tax Special provision for exemption from service… Read More »
Section 104 of Finance Act 2018 [Section 104 of Finance Act 2018 deals with Amendment of Second Schedule and is covered in CHAPTER IV INDIRECT TAXES] Amendment of Second Schedule 104 . In the Customs Tariff Act,— (a) in the Second Schedule, after Note 3, the following Note shall be inserted, namely:— “4. In respect of all other… Read More »
Section 125 of Finance Act 2018 [Section 125 of Finance Act 2018 deals with Amendment of section 8 and is covered in CHAPTER VIII MISCELLANEOUS] Amendment of section 8 125. In section 8 of the principal Act, for the words “three thousand rupees”, the words “the prescribed limit” shall be substituted. Finance Act 2018 : Assented by President… Read More »
Section 124 of Finance Act 2018 [Section 124 of Finance Act 2018 deals with Insertion of new section 7A and is covered in CHAPTER VIII MISCELLANEOUS] Insertion of new section 7A 124. After section 7 of the principal Act, the following section shall be inserted, namely:— “7A. Power to call for information.—The Central Government through any designated authority, may… Read More »